SAP AG (NYSE: SAP) said its unit SAP America Inc. has agreed to buy all outstanding shares of SuccessFactors Inc. (NYSE: SFSF) for $40.00 per share in cash, representing an enterprise value of about $3.4 billion.
Stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the U.S. unemployment rate dropped to a 2-1/2 year low.
As banks around the world race to satisfy international capital requirements, they are going through a veritable fire sale, getting rid of non-core businesses no matter how much they will fetch. Beyond that, they are engaging in some odd transactions, including a substantial amount of balance sheet engineering.
It seemed like it was only yesterday (perhaps because it actually was only three days ago, on Tuesday), when the shares of the banking giant teetered precariously above the $5 mark, a few cents off the dreaded "4 handle." Many were predicting a catastrophic sell-off. Fast-forward to today and Bank of America is trading at $5.74 per share, a jump of 13.66 percent in slightly over 60 hours.
The Toronto Stock Exchange has given notice to Gold Reserve Inc. that it does not meet the bourse's listing requirements since Venezuela expropriated the company's main asset, Gold Reserve said Friday.
Sanofi SA (NYSE: SNY) said in a letter sent to customers dated Nov. 30 that it has discontinued selling the Authorized Generic version of Lovenox (Enoxaparin).
From the time when a statement by Massachusetts' attorney-general announcing a lawsuit against five major banks began appearing on the newswires, shares of the financial institutions being sued actually went up slightly.
Suit targets nation's largest lenders
Goldman Sachs (NYSE: GS) says it is betting the situation in Europe will deteriorate next year, eventually affecting the still-strong German economic engine and prompting a new wave of fears that European companies will default on their bonds.
The developments in AT&T's (NYSE:T) attempt to buy T-Mobile over the past week have overshadowed Sprint Nextel Corp. (NYSE:S) and Clearwire's (NASDAQ:CLWR) behind the scenes effort to salvage their relationship in the form of a new agreement by Sprint to wholesale future LTE capacity from Clearwire.
Boeing, Co. (NYSE:BA) and the IAM 751 (Machinists) reached an agreement on a 4-year contract extension that will be in effect until September 2016.
Salesforce.com Inc. (NYSE: CRM) held its Cloudforce user event in New York City on Wednesday. The company formally launched its Social Marketing Cloud service and the AppExchange Mobile Site at the event.
Getco LLC, an electronic market maker and high-frequency trading specialist, on Wednesday said it agreed to buy Bank of America Corp's floor-trading operations at the New York Stock Exchange, significantly expanding its market-making operations.
This week’s bankruptcy of American Airlines parent AMR Corp. (NYSE:AMR), in which the company stated it would be seeking to renegotiate or cancel some of its current aircraft leases, is only one of the latest headwinds to buffet the aircraft financing industry that underpins the air transport industry as we know it today.
Bank of America (NYSE:BAC) and Citigroup (NYSE:C) are among a group of 37 large financial institutions that were downgraded today by Standard & Poor's, according to Bloomberg News. The downgrades were somewhat expected, as S&P had announced earlier in the year it would be revising its methodology for rating banks in order to give more weight to those institutions' capital ratios.
As news continue to trickle down as to what the bankruptcy of the third-largest airline in the U.S. (NYSE:AMR) will look like, there are three groups of stakeholders in the company that should have already realized they're in for a rough landing.
R Corp. filed for bankruptcy protection in New York despite the fact that the company has more than a reported $4 billion in cash on hand. AMR shares, traded on the New York Stock Exchange, were halted earlier on the news. But after trading resumed, AMR Corporation common stock is trading down 85.93 percent on the day to 23 cents -- near a 52-week low of 20 cents.
AMR Corp. (NYSE:AMR), the parent company of American Airlines, has filed for bankruptcy protection under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York to shed its debt load and reduce costs after failed negotiations with pilot unions and higher fuel costs forced the company to take the last resort.
AMR Corporation (NYSE:AMR), the parent company of American Airlines and AMR Eagle, has voluntarily filed for Chapter 11 reorganization in order to improve competitiveness.
Verizon Communications, Inc. (NYSE:VZ) is set to benefit from the explosive 4G growth, according to a UBS analyst who has upgraded the stock to buy from neutral.
AT&T, Inc. (NYSE:T) and T-Mobile's withdrawal of their Federal Communications Commission (FCC) application to transfer spectrum and AT&T's intent to book the full $4 billion break-up fee as a non-cash charge against fourth-quarter earnings indicates that there is only a slim probability that the deal will be approved.
The Dow Chemical Company and Saudi Aramco have officially established their planned petrochemical joint venture Sadara Chemical Company in Jubail, Saudi Arabia, and announced its senior officers.
